BTC review dated 23.05.2023

23.05.2023

2446

1 min

BTC (1H)

The last momentum, as a result of which the bitcoin rate reached $27 500, shows that the asset is moving in a narrow range. The level of $26 000 has already acted as support from the bottom several times. Above there is the resistance at $27 500, which has also repeatedly stopped the growth of the asset. For further movements, BTC must break out of the narrow range.

The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.